Civil Aviation Ministry clears plan for second airport in NCR

Civil Aviation Ministry on Thursday cleared a proposal for setting up a second airport in the National Capital Region.

GMR Holding ties up Rs 1,250 crore for GMR Infra rights issue

The funding arranged constitutes about 89.17 per cent of the size of the rights issue, the filing said.

'GMR-led group lowest bidder for two packages of EDFC projs'

The project involves construction of 417-km-long double track railway line from Mughalsarai to New Bhaupur (near Kanpur) on EPC basis, GMR said in a statement.

GMR plans Rs.750 crore airport city in Hyderabad

Infrastructure major GMR Group propose to develop airport city at Hyderabad airport with world-class facilities at a cost of Rs.750 crore.

GMR says SC order on coal blocks cancellation not to impact it

According to a filing with bourses, the company said a coal mine block known as 'Rampia' in Odisha also stands cancelled, where GMR Group is one among the six shareholders.

Nepal clears GMR's $1.5 billion Hydel project

The cost of the project is estimated to be around USD 1.5 billion.

GMR Group wants to set up aerospace training centre

The Hyderabad-based infrastructure major is seeking the help of French multinational Safran, which has interests in aerospace, defence and security, to execute the plan.

GMR seeks nod for buying out partner's stake in MRO facility

GMR Group may buyout the entire 50 percent stake owned by its partner Malaysian Aerospace Engineering in an aircraft maintenance repair and overhaul (MRO) unit located at an SEZ near Hyderabad International Airport.

GMR says Maldives govt, aviation agency liable to pay damages

The GMR Group, which had to exit the Male airport project, today said a tribunal has declared the Maldivian government and the nation's airport agency "jointly and severally liable in damages" to the company for loss caused by the wrongful repudiation of the agreement.

Govt rejects GMR plea to extend ToR validity for hydel project

When contacted a senior official of GMR said they are now gearing up to participate in the public hearing within the expiry of the validity of ToR.

GMR asks Jaiswal to take up Chhattisgarh power proj with CCEA

GMR Group has asked Coal Minister Sriprakash Jaiswal to take up with CCEA the issue of providing fuel for its 1370 MW supercritical power project in Chhattisgarh, involving a cost of Rs 8,290 crore, which is scheduled to start commercial operations next year.

ACC clean chit to GMR does not change our stand: Maldives

The current Maldivian government had in December last year unilaterally terminated the over USD 500 million contract given to GMR Group to develop and operate Male Airport.

DIAL can't display GMR, IPL team logos for free: Auditor

The GMR Group, which holds majority stake in the joint venture running the Delhi airport, has to share the revenue it earns from displaying ads of GMR and its Indian Premier League team at the airport with its partner AAI, an independent auditor is learnt to have said.

Megawide says to tie up with GMR to bid for Philippines project

Philippines-based Megawide Construction Corp has said it has reached an understanding with infrastructure developer GMR Group to bid for the development of Mactan-Cebu International Airport (MCIA) in the southeast Asian country.

GMR Group completes sale of Singapore unit

The transaction was concluded on March 28 after getting all the necessary approvals, the company said in a statement.

GMR Group's Warora power plant starts commercial generation

GMR Group's thermal power plant at Warora in Maharashtra has started selling electricity from its 300 MW unit commissioned in December last year.

GMR may sell 5-Star hotel at Hyderabad Airport

Infrastructure builder GMR Group has put its Rs 300-crore five-star hotel at the Rajiv Gandhi International Airport here up for sale as it realigns its assets, sources said.

GMR to sell 70% stake in GMRE Singapore for Rs 2,907 cr

Infrastructure major GMR Group Monday said it will divest its 70 percent stake in GMR Energy (Singapore) Pte (GMRE) to FPM Power for SGD 660 million (Rs 2,907 crore).

GMR in pact with Macquarie SBI to divest 74% in highway project

GMR Group has signed a pact with Macquarie SBI Infrastructure Investments Pte and SBI Macquarie Infrastructure Trust to divest 74 percent stake in GMR Jadcherla Expressways Ltd (GJEL) for Rs 206 crore.

GMR synchronises first 350mw unit of Kamalanga plant in Odisha

This is the group's second coal-based plant to be synchronised, according to a statement issued here.